Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker
Marsh Inc., today announced it has acquired Independent Insurance Group
Benefits, Inc., the employee benefits division of Dallas-based Independent
Insurance Group. Terms of the deal were not disclosed.

Independent Insurance Group Benefits, with annual revenue of
approximately $1.4 million, will be folded into Prescott Pailet
Benefits, a Marsh & McLennan Agency company, further expanding the
firm’s depth and expertise in employee benefits. The transaction marks
the first complementary acquisition for Prescott Pailet, which MMA
acquired in July 2011.

Founded in 1994, Independent Insurance Group Benefits offers a full
spectrum of employee benefits products and services to midsize employers
in the Dallas metropolitan area. All of the group’s leadership and
employees, including its president Joe Wiseman, will join Prescott
Pailet.

“We are delighted to welcome Independent Insurance Group Benefits’
talented and experienced employee benefits professionals to Prescott
Pailet Benefits,” said Stuart Prescott, principal. “The addition enables
us to offer greater resources and a broader platform to serve the
employee benefits needs of our clients. At the same time, Independent
Insurance Group Benefits’ clients will now have access to a wider array
of capabilities and resources from MMA.”

Commenting on the transaction, David Eslick, chairman and CEO of MMA
said: “Fold-in acquisitions like this are an essential component of our
strategy to become one of our industry’s preeminent national businesses.
We are thrilled that Joe Wiseman and the rest of the Independent
Insurance Group Benefits team are joining MMA.”

About Marsh & McLennan Agency

Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in
2008 to meet the needs of midsize businesses in the US. MMA operates
autonomously from Marsh to offer commercial property, casualty, personal
lines, and employee benefits to clients across the US.

About Marsh

Marsh,
a global leader in insurance broking and risk management, teams with its
clients to define, design, and deliver innovative industry-specific
solutions that help them protect their future and thrive. It has
approximately 26,000 colleagues who collaborate to provide advice and
transactional capabilities to clients in over 100 countries. Marsh is a
wholly owned subsidiary of Marsh
& McLennan Companies (NYSE: MMC), a global team of professional
services companies offering clients advice and solutions in the areas of
risk, strategy, and human capital. With over 53,000 employees worldwide
and annual revenue exceeding $11 billion, Marsh & McLennan Companies is
also the parent company of Guy
Carpenter, a global leader in providing risk and reinsurance
intermediary services; Mercer,
a global leader in talent, health, retirement, and investment
consulting; and Oliver
Wyman, a global leader in management consulting. Follow Marsh on
Twitter @Marsh_Inc.